“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money."

~~ Sir Josiah Stamp - Director of the Bank of England (appointed 1928)
Reputed to be the 2nd wealthiest man in England at that time.
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Something I'd like to add about our fiat monetary system:
It seems like many on this site know the truth and would like to see change. Back to a Constitutional monetary system (gold and silver specie), I'd presume? I wonder if most realize that changing the system would mean ending many of the federal entitlement programs? We live in a Welfare-Warfare State, which benefits the Banksters (who dole out the loans to pay for goodies the politicians promise their constituents). America will not have monetary reform, until The People have reformed their OWN views on what gov't should and shouldn't do. Until Liberty has a TRUE resurgence in The People's hearts and minds, I don't see how Americans will be willing to give up the Welfare State.

Quote:

“[The] abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holdings illegal, as was done in the case of gold.... The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.... [This] is the shabby secret of the welfare statist’s tirades against gold. Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

The gold standard has been proven to be the worst standard to base currency on. Silver would be better. There is plenty of silver, so the monopoly of limited gold can't be exercised on the people, thus destroying their savings. Silver has been stable for years and its availabilty is everywhere. Gold and fiat currency are part of the game now, designed to bankrupt people whenever the banks wish for it to happen- and then they make it happen. Gold is another way to destroy peoples savings- I'm sure people remember the price of gold rising to match the interest rates in the early 80's. How many lost their homes then. it is happening again right now in America as the consumers are lining up at the bankruptcy courts right now.

"Cheap labour conservatives" (an appropriate name for a repub-con or any liberta-con!) and monarchic inspired libertarians, are the ones pushing the present system of "pay as you may" that exists today. They wish everyone to be enslaved to their golden chains, as this is the rule that elites always use to disguise their greed and fears about its citizens living in a third rate country. As if your leaders care about America- all they care about is mammon.

We the people once owned our democracy. We elected "representatives" to run it for US. Have you noticed? Somewhere along the way we lost our democracy.

It was foreclosed by wealthy and power elites that corrupted our "representatives" who literally sold us out. Our homeland was foreclosed right in plain sight. Sure, we citizens still reside in the USA, but we no longer own our democracy. We pay rent through our taxes. But we no longer have any equity. Our democracy is owned by the rich, and their partner foreign elites and governments, which is why in a strict sense it no longer is a democracy, but rather a plutocracy.

Modern day aristocrats – an apt terms considering the many political dynasties in our ruling class - maintain the charade that America is still a democracy by letting us vote. They also give us many freedoms to distract us from our dire political conditions. They're smart, so they limit our choices to the main parties that constitute the two-party duopoly. Even smarter, they convert consumer spending (that they spur) into economic inequality, making them, the rich, even richer and everyone else, all of us, poorer.

Donald Trump says we hardly have any middle class left. He ought to know. Lou Dobbs says there is a war on the middle class. He does not say what would only depress his audience, even more. We the people have already lost the war. We have a large Upper Class, for whom prosperity is real, and an expanding Lower Class, for whom economic slavery based on compulsive borrowing, debt and spending is all too real. ................................<snip>...................................I postulate that the decline started after World War II with the advent of urban sprawl, speeding up with accelerating suburban sprawl. Now, political divisiveness coexists with sprawl on steroids, with gated non-communities of McMansions for the Upper Class. As to the politics of sprawl, Americans traded democracy ownership for home ownership. They stopped paying for democracy through engaged citizenship and started paying for compulsive consumption. True citizenship was replaced by social isolation and loss of social capital as people cocooned themselves in their private space where they could gratify themselves with more and bigger possessions.

With sprawl and all the enabling automobile addiction, roads and chain stores, the power elites knew exactly what they were doing. They made Americans time poor and too tired to be politically active. Through distraction based on borrowing and spending they suckered Americans into defaulting on their democracy debt. Democracy was foreclosed, without any notice letter being sent to us. Ownership was transferred to the rich and powerful elites sitting atop the corporate state and, not coincidentally, making tons of money from land development and home building. Wal-Mart was elected corporate wage-killer-in-chief.

So as you can see the real estate market is another trap/snare that leads us into their world of chance- will you make ALL the particulars to be considered- will your health/ relationships endure- will you keep your job- will you die???????? Will the banks raise interest rates or cause inflation/depression suddenly? Will we go to war? Will we be invaded? You're gambling and you don't have any cards, so how can you bluff? They got you right where they want you- and they don't care. Either way they win- money now or house later.

This is a long article so most of you limpbrained idiot rightwingnuts won't read it anyway. Too much information at one time jams circuits in the simpleton brain. I'll just add this little tidbit from further down.

Quote:

Up to 4 percent of America's mortgaged homeowners might lose their homes to foreclosure in coming months, one of the nation's largest lenders predicted recently, as those homeowners find themselves trapped by heavy debt and the housing slump. That's four times worse than the historical average of 1 in 100 mortgaged homeowners who fail to keep up payments. First American Loan Performance, a mortgage-data company based in San Francisco, says overall the national foreclosure rate has climbed 27% from a year ago with an estimated $110 billion worth of homes expected to go into foreclosure. Rick Sharga, a vice-president at RealtyTrac, said recently "Over a trillion dollars is going to readjust in the next 15 months. We had almost 850,000 foreclosures last year and we are at 913,000 through September." He predicted that national foreclosures could hit 1.2 million to 1.3 million by the end of this year. Guess George W. Bush has not heard about this, only about great economic growth.

4% doesn't sound like much but when you look at how many people that involves the figure is shocking! Then think about the Middle class disappearing and who will be a landowner soon? Why the landlord banks and elite that can afford to buy up America and democracy- thus completing the cycle as we return to the feudal system. Notice that this is progressive with no end in site, as the ever popular policies of the "Cheap Labour conservative's" love of competition drives the working wage down and the unemployment rate somehow follows that? Gee wonder why!

These bloody serfs that support the right wing agenda of "Cheap Labour conservatives" don't realize that they are defending a system here in America tht will eventually enslave them and their childrens children to this and when they turn around to complain, well guess what- All the LIBERAL's are gone- the ACLU is gone- Habeus corpus- 'wutever th' heck that wuz'- gone- but torture- hey they adopted that one for ya'- so give up your guns or else we'll havta taze ya!.

Soon guns will be the next to be written out of the constitution as well. You limp brained rightwingnut idiots, dragging us down to your level of ignorance until only your ignorance remains, is going to be the death of us all.

That is why we, as Liberals, will always stand up to you, as the neo-conned and defend our right to do so!

_________________Completely sane world
madness the only freedom

An ability to see both sides of a question
one of the marks of a mature mind